This page sets out our general terms and conditions of business. By agreeing to engage us to provide tax services, you agree to accept these terms and conditions.
GENERAL TERMS AND CONDITIONS OF BUSINESS
These General Terms and Conditions of Business shall apply to all engagements for professional services and advice (“the Services”) provided to you by Life Key Tax Services, LLC.
The scope of our work and our liability to you in respect of this engagement will be set out in our Engagement letter which incorporates these terms.
Should any of the terms of our specific Engagements as set out in the Specific Services Appendices or Engagement Letter conflict with these general terms, the terms in Specific Services Appendices or Engagement Letter shall prevail over the General Terms and Conditions of Business.
“Client”, “your” or “you” means the person, firm or company to whom our Engagement Letter is addressed and to whom the Services are provided.
“Engagement” means agreement between the Client and Life Key for the provision of the Services upon the Engagement Term (or any written variation thereto agreed between Client and Life Key ).
“Engagement Letter” means the letter which covers detail of the service we are to provide and these General Terms and Conditions of Business.
“Engagement Terms” means the terms contained (or referred to) in our Engagement Letter (of which these General Term and Conditions of Business form part).
“Intellectual Property Rights” means patents, trademarks, design rights (whether registerable or otherwise), applications for any of these, copyrights, database rights, trade or business names and other similar rights or obligations whether registerable or not in any country.
Whenever we use the title “Partner”, whether in these General Terms and Conditions of Business or otherwise during the course of the dealings with you, that title refers to a member of Life Key (or someone holding a similar level of authority within our organization).
For the avoidance of doubt, by using the title “Partner”, the individual member (as opposed to Life Key ) shall not be taken to owe or to have assumed a duty of care or legal responsibility to you (or to any other person) in relation to the work carried out.
The expressions “our”, “we” or “us” in these general terms means Life Key , its members, directors, staff and agents, and in all cases any successor or assignee.
“Service” shall mean the reports, advice and/or other services to be provided by Life Key pursuant to the Engagement (or any part of them) as described or referred to in our Engagement letter.
By agreeing to these terms and conditions, you also agree to opt into Protection Plus to provide services in the event you receive letters or correspondence from the IRS or your state department.
“Specific Service Appendices” means the detailed appendices that set out the specific service we are to offer as well as respective rights and responsibilities of both the Client and Life Key . These Appendices should be read in conjunction with these General Terms and Conditions of Business as well as any covering letter accompanying them.
FEES
Our fees are as follows:
$299 preparation fee for individual 1040 tax returns.
$499 preparation fee for 1040 + schedule C business tax returns. (if there are multiple businesses, it will be an extra $199 per business)
$599 preparation fee for multi member LLC 1065 partnership return.
$699 preparation fee for Corporation returns.
All returns have an IRS e-file fee of $150 plus bank fees that may vary (ranges from $75-$100).
For accounts that owe the IRS, the full preparation and e-file fee is required to be paid in full before submitting to the IRS.
You also agree to the terms & conditions and understand that we do not give estimates. Bu submitting your information to us, you are agreeing to the preparation fee even if your return is not filed due to an unforeseen circumstance.
Fees are payable within 14 days of the presentation of the fee note. We reserve the right to charge interest for late payment at the rate 8% above base rate, calculated from 14 days after the date of presentation of the fee note.
If it becomes necessary for us to withdraw from the Engagement for any reason our fees for work performed up to that date will be payable by you.
It is our policy that new or additional work should not be commenced until any significant overdue fees have been settled.
Letter of Engagement– Financial Statements & Tax Services
Thank you for instructing us to act as your Certified Public Accountants and business advisers. To ensure that there are no misunderstandings regarding the nature and extent of the services that we will provide to you, this contract outlines the scope of work.
Terms of Contract
On the basis of information and instructions you provide, we will compile any required financial statements for your firm.
The services to be provided will include all matters ancillary to those services such as, for example, dealing with and responding to queries raised by the IRS or other taxation authority.
This letter of engagement will apply in respect of your financial year end and for future years unless otherwise agreed.
Extent of Services
We will not audit, review or carry out any other checks on the accuracy or completeness of the information you provide. It is up to you to give us accurate and complete information to enable us to provide the services described in this letter and we accept no liability for the accuracy or completeness of any information supplied by you in any form.
Accordingly, no assurance on any assertions contained in the financial information compiled will be provided.
Our engagement does not include the investigation or discovery of internal control weaknesses, errors, illegal acts or other irregularities, including without limitation, fraud, or non compliance with laws and regulations. However, we will inform you of any such matters which come to our attention during the course of our engagement.
The information you are to supply and any other information that we consider necessary to complete the engagement must be provided in a timely manner in order for the assignment to be completed on a timely basis.
Use and Distribution of the Financial Information
We understand that the intended use and distribution of the financial information we will compile is for the special purpose management reporting and of calculating income tax. If this should change in any material respect, you will inform us immediately.
You may make copies of any reports for your own internal use or for providing to a third party. However, we accept no duty or responsibility to any party other than yourself who may seek to rely on our reports and furthermore you indemnify us against any claim by such other party in respect of the reports.
Information and Disclosure
All assignments will be conducted in accordance with the professional standards, rules and ethical requirements of Circular 230. Information we obtain in the course of this engagement is subject to confidentiality requirements. We will not disclose that information to other parties without your express consent, except as required by law or professional obligations.
Limitation of Liability
At all times we will use reasonable skill and care in providing our services to you. However, in spite of this our liability to you whether in contract, tort, equity or otherwise, for any loss or damage or expenses (including legal costs) suffered or incurred directly by you as a direct result of any act or omission by us in providing our services, shall be limited to a maximum amount equal to the fee (excluding tax, disbursements and expenses) paid to us by you in respect of the services in question. If the Services were provided in respect of more than one financial year the fee on which the liability amount is based shall be the fee paid in respect of the financial year in respect of which the act or omission occurred. Any claim against us must be brought within twelve months of the date on which we complete the services.
Fees and Payment
Our invoices will generally be issued on a monthly basis and all invoices will be due for payment on the 1st of the month following invoice date. We reserve the right to charge interest on overdue amounts at a maximum rate of 15% per annum.
You should be aware that, like all other providers of services, we are entitled to retain possession of your records that have been used in relation to this engagement until outstanding fees are settled.
Ownership of Work Papers
Material that you provide to us remains yours and will be returned to you when the engagement is completed. Work papers that we create remain our property.
Where we provide taxation services for you we will store tax records that we hold on your behalf for a period of seven years after the applicable balance date. At the end of that period, unless you ask us to send that information to you, the records will be destroyed using a secure document destruction service.
Non-accounting advice and financial advice
This firm does not provide legal or financial advice. Any opinion expressed should be confirmed by the appropriate professional. Any comment made on the subject of legal or investment matters should be interpreted as only a personal view and not professional advice.
Future Years
This letter applies for future years unless you or we wish to end or change the arrangement.
Conclusion
If you have any questions regarding this letter of engagement please do not hesitate to call us.
In order to signify your acceptance of the terms of engagement, please sign below in your client portal.
We appreciate your business and thank you for engaging us.
This page sets out our general terms and conditions of business. By agreeing to engage us to provide tax services, you agree to accept these terms and conditions.
GENERAL TERMS AND CONDITIONS OF BUSINESS
These General Terms and Conditions of Business shall apply to all engagements for professional services and advice (“the Services”) provided to you by Life Key Tax Services, LLC.
The scope of our work and our liability to you in respect of this engagement will be set out in our Engagement letter which incorporates these terms.
Should any of the terms of our specific Engagements as set out in the Specific Services Appendices or Engagement Letter conflict with these general terms, the terms in Specific Services Appendices or Engagement Letter shall prevail over the General Terms and Conditions of Business.
“Client”, “your” or “you” means the person, firm or company to whom our Engagement Letter is addressed and to whom the Services are provided.
“Engagement” means agreement between the Client and Life Key for the provision of the Services upon the Engagement Term (or any written variation thereto agreed between Client and Life Key ).
“Engagement Letter” means the letter which covers detail of the service we are to provide and these General Terms and Conditions of Business.
“Engagement Terms” means the terms contained (or referred to) in our Engagement Letter (of which these General Term and Conditions of Business form part).
“Intellectual Property Rights” means patents, trademarks, design rights (whether registerable or otherwise), applications for any of these, copyrights, database rights, trade or business names and other similar rights or obligations whether registerable or not in any country.
Whenever we use the title “Partner”, whether in these General Terms and Conditions of Business or otherwise during the course of the dealings with you, that title refers to a member of Life Key (or someone holding a similar level of authority within our organization).
For the avoidance of doubt, by using the title “Partner”, the individual member (as opposed to Life Key ) shall not be taken to owe or to have assumed a duty of care or legal responsibility to you (or to any other person) in relation to the work carried out.
The expressions “our”, “we” or “us” in these general terms means Life Key , its members, directors, staff and agents, and in all cases any successor or assignee.
“Service” shall mean the reports, advice and/or other services to be provided by Life Key pursuant to the Engagement (or any part of them) as described or referred to in our Engagement letter.
By agreeing to these terms and conditions, you also agree to opt into Protection Plus to provide services in the event you receive letters or correspondence from the IRS or your state department.
“Specific Service Appendices” means the detailed appendices that set out the specific service we are to offer as well as respective rights and responsibilities of both the Client and Life Key . These Appendices should be read in conjunction with these General Terms and Conditions of Business as well as any covering letter accompanying them.
FEES
Our fees are as follows:
$299 preparation fee for individual 1040 tax returns.
$499 preparation fee for 1040 + schedule C business tax returns. (if there are multiple businesses, it will be an extra $199 per business)
$599 preparation fee for multi member LLC 1065 partnership return.
$699 preparation fee for Corporation returns.
All returns have an IRS e-file fee of $150 plus bank fees that may vary (ranges from $75-$100).
For accounts that owe the IRS, the full preparation and e-file fee is required to be paid in full before submitting to the IRS.
You also agree to the terms & conditions and understand that we do not give estimates. Bu submitting your information to us, you are agreeing to the preparation fee even if your return is not filed due to an unforeseen circumstance.
Fees are payable within 14 days of the presentation of the fee note. We reserve the right to charge interest for late payment at the rate 8% above base rate, calculated from 14 days after the date of presentation of the fee note.
If it becomes necessary for us to withdraw from the Engagement for any reason our fees for work performed up to that date will be payable by you.
It is our policy that new or additional work should not be commenced until any significant overdue fees have been settled.
Letter of Engagement– Financial Statements & Tax Services
Thank you for instructing us to act as your Certified Public Accountants and business advisers. To ensure that there are no misunderstandings regarding the nature and extent of the services that we will provide to you, this contract outlines the scope of work.
Terms of Contract
On the basis of information and instructions you provide, we will compile any required financial statements for your firm.
The services to be provided will include all matters ancillary to those services such as, for example, dealing with and responding to queries raised by the IRS or other taxation authority.
This letter of engagement will apply in respect of your financial year end and for future years unless otherwise agreed.
Extent of Services
We will not audit, review or carry out any other checks on the accuracy or completeness of the information you provide. It is up to you to give us accurate and complete information to enable us to provide the services described in this letter and we accept no liability for the accuracy or completeness of any information supplied by you in any form.
Accordingly, no assurance on any assertions contained in the financial information compiled will be provided.
Our engagement does not include the investigation or discovery of internal control weaknesses, errors, illegal acts or other irregularities, including without limitation, fraud, or non compliance with laws and regulations. However, we will inform you of any such matters which come to our attention during the course of our engagement.
The information you are to supply and any other information that we consider necessary to complete the engagement must be provided in a timely manner in order for the assignment to be completed on a timely basis.
Use and Distribution of the Financial Information
We understand that the intended use and distribution of the financial information we will compile is for the special purpose management reporting and of calculating income tax. If this should change in any material respect, you will inform us immediately.
You may make copies of any reports for your own internal use or for providing to a third party. However, we accept no duty or responsibility to any party other than yourself who may seek to rely on our reports and furthermore you indemnify us against any claim by such other party in respect of the reports.
Information and Disclosure
All assignments will be conducted in accordance with the professional standards, rules and ethical requirements of Circular 230. Information we obtain in the course of this engagement is subject to confidentiality requirements. We will not disclose that information to other parties without your express consent, except as required by law or professional obligations.
Limitation of Liability
At all times we will use reasonable skill and care in providing our services to you. However, in spite of this our liability to you whether in contract, tort, equity or otherwise, for any loss or damage or expenses (including legal costs) suffered or incurred directly by you as a direct result of any act or omission by us in providing our services, shall be limited to a maximum amount equal to the fee (excluding tax, disbursements and expenses) paid to us by you in respect of the services in question. If the Services were provided in respect of more than one financial year the fee on which the liability amount is based shall be the fee paid in respect of the financial year in respect of which the act or omission occurred. Any claim against us must be brought within twelve months of the date on which we complete the services.
Fees and Payment
Our invoices will generally be issued on a monthly basis and all invoices will be due for payment on the 1st of the month following invoice date. We reserve the right to charge interest on overdue amounts at a maximum rate of 15% per annum.
You should be aware that, like all other providers of services, we are entitled to retain possession of your records that have been used in relation to this engagement until outstanding fees are settled.
Ownership of Work Papers
Material that you provide to us remains yours and will be returned to you when the engagement is completed. Work papers that we create remain our property.
Where we provide taxation services for you we will store tax records that we hold on your behalf for a period of seven years after the applicable balance date. At the end of that period, unless you ask us to send that information to you, the records will be destroyed using a secure document destruction service.
Non-accounting advice and financial advice
This firm does not provide legal or financial advice. Any opinion expressed should be confirmed by the appropriate professional. Any comment made on the subject of legal or investment matters should be interpreted as only a personal view and not professional advice.
Future Years
This letter applies for future years unless you or we wish to end or change the arrangement.
Conclusion
If you have any questions regarding this letter of engagement please do not hesitate to call us.
In order to signify your acceptance of the terms of engagement, please sign below in your client portal.
We appreciate your business and thank you for engaging us.
